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	<title>Comments on: Did the &#8220;Enron of Norway&#8221; Pull a Fast One On Microsoft?  More Details About the Mess at Fast Search &amp; Transfer</title>
	<atom:link href="http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/</link>
	<description>Startup and Technology News</description>
	<lastBuildDate>Tue, 10 Nov 2009 13:31:30 -0800</lastBuildDate>
	
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		<title>By: Shake-Up at Microsoft FAST &#124; The Noisy Channel</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2603600</link>
		<dc:creator>Shake-Up at Microsoft FAST &#124; The Noisy Channel</dc:creator>
		<pubDate>Fri, 23 Jan 2009 14:51:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2603600</guid>
		<description>[...] had some accounting issues that came out shorty after Microsoft acquired them last year, and it&#8217;s possible that [...]</description>
		<content:encoded><![CDATA[<p>[...] had some accounting issues that came out shorty after Microsoft acquired them last year, and it&#8217;s possible that [...]</p>
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		<title>By: John Smith</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2421201</link>
		<dc:creator>John Smith</dc:creator>
		<pubDate>Mon, 28 Jul 2008 01:55:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2421201</guid>
		<description>&quot;If anyone has documents they can anonymously send to wikileaks dot org I am sure this community will keep it visible so that it gets the attention of the various law enforcement authorities.&quot;

An email has been sent there.  Its header reads:

The initial email below was sent by an apparently anonymous sender three years ago, alleging unethical business behavior by Norwegian search company FAST Search and Transfer.  I don&#039;t think this email has ever been made public because I can&#039;t find it on the web.  The initial email was sent to about 92 people in the search industry.

The second email is a reply by John Lervik, then CEO of FAST and now Corporate Vice President at Microsoft.

The third email is probably by the original sender, now making accusations of unethical financial practices.</description>
		<content:encoded><![CDATA[<p>&#8220;If anyone has documents they can anonymously send to wikileaks dot org I am sure this community will keep it visible so that it gets the attention of the various law enforcement authorities.&#8221;</p>
<p>An email has been sent there.  Its header reads:</p>
<p>The initial email below was sent by an apparently anonymous sender three years ago, alleging unethical business behavior by Norwegian search company FAST Search and Transfer.  I don&#8217;t think this email has ever been made public because I can&#8217;t find it on the web.  The initial email was sent to about 92 people in the search industry.</p>
<p>The second email is a reply by John Lervik, then CEO of FAST and now Corporate Vice President at Microsoft.</p>
<p>The third email is probably by the original sender, now making accusations of unethical financial practices.</p>
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		<title>By: Lars Johans</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2415799</link>
		<dc:creator>Lars Johans</dc:creator>
		<pubDate>Tue, 22 Jul 2008 10:14:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2415799</guid>
		<description>I can only imagine how infuriating that would be to work hard to deliver value for customers only to have actual financial value be siphoned off. But I can also see how it is even worse to have your own accomplishments maligned in the process - I did not intend to imply that although I am sure most people falsely draw that conclusion unfortunately. There is no doubt there were many capable individuals on the FAST team at various points in time (I have even heard your former competitors say as much).

I am not a lawyer but I suspect aiding and abetting securities fraud in Norway would still be an issue here in the US. I also suspect that there may be cases to make simply with the taxman (the way Al Capone finally went down). I doubt those that siphoned money off to their own personal consultancies properly accounted for the taxes (probably booked all sorts of improper expenses against it to make it look like a real consultancy).....and the companies that booked fake revenue probably then booked the loss in a future time period and tried to take the deduction.....all big no-nos.

If anyone has documents they can anonymously send to wikileaks dot org I am sure this community will keep it visible so that it gets the attention of the various law enforcement authorities.</description>
		<content:encoded><![CDATA[<p>I can only imagine how infuriating that would be to work hard to deliver value for customers only to have actual financial value be siphoned off. But I can also see how it is even worse to have your own accomplishments maligned in the process &#8211; I did not intend to imply that although I am sure most people falsely draw that conclusion unfortunately. There is no doubt there were many capable individuals on the FAST team at various points in time (I have even heard your former competitors say as much).</p>
<p>I am not a lawyer but I suspect aiding and abetting securities fraud in Norway would still be an issue here in the US. I also suspect that there may be cases to make simply with the taxman (the way Al Capone finally went down). I doubt those that siphoned money off to their own personal consultancies properly accounted for the taxes (probably booked all sorts of improper expenses against it to make it look like a real consultancy)&#8230;..and the companies that booked fake revenue probably then booked the loss in a future time period and tried to take the deduction&#8230;..all big no-nos.</p>
<p>If anyone has documents they can anonymously send to wikileaks dot org I am sure this community will keep it visible so that it gets the attention of the various law enforcement authorities.</p>
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		<title>By: Former FAST Employee II</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2414596</link>
		<dc:creator>Former FAST Employee II</dc:creator>
		<pubDate>Mon, 21 Jul 2008 16:52:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2414596</guid>
		<description>Lars - all fair points, and in my defense, I&#039;m a &quot;former&quot; FAST employee because I get sick of delivering the value while not being compensated accordingly...there is only so much one can take, especially know that others are benefiting in &quot;one-way-or-another&quot;...</description>
		<content:encoded><![CDATA[<p>Lars &#8211; all fair points, and in my defense, I&#8217;m a &#8220;former&#8221; FAST employee because I get sick of delivering the value while not being compensated accordingly&#8230;there is only so much one can take, especially know that others are benefiting in &#8220;one-way-or-another&#8221;&#8230;</p>
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		<title>By: FormerFAST3</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2414448</link>
		<dc:creator>FormerFAST3</dc:creator>
		<pubDate>Mon, 21 Jul 2008 13:44:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2414448</guid>
		<description>Lars,

personally I don&#039;t have any problem to tell everything I know. I&#039;m sure that we can stitch all the bits and pieces together to get a full picture.

The problem is that the criminal investigation is in Norway, but most of us worked in the US (Needham, MA).

If they were investigated by SEC or DA it would be different, of course.</description>
		<content:encoded><![CDATA[<p>Lars,</p>
<p>personally I don&#8217;t have any problem to tell everything I know. I&#8217;m sure that we can stitch all the bits and pieces together to get a full picture.</p>
<p>The problem is that the criminal investigation is in Norway, but most of us worked in the US (Needham, MA).</p>
<p>If they were investigated by SEC or DA it would be different, of course.</p>
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		<title>By: Lars Johans</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2413778</link>
		<dc:creator>Lars Johans</dc:creator>
		<pubDate>Sun, 20 Jul 2008 16:57:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2413778</guid>
		<description>Sadly, the only truly AMAZING thing about FAST&#039;s legacy is that nobody has been put in jail yet. As far as amazing product and customers -- then why fraudulently book revenue? Why is FAST being silent on the issue versus defending themselves? Because they can&#039;t say anything - it is indefensible.

Of course the financial issues are immaterial as it relates to Microsoft cleaning up...but the criminal liability for anyone involved in fraud won&#039;t be cleaned up until those accountable have their due. And it does not surprise me that Former FAST employee II does not think this is interesting - clearly a large number of FAST employees didn&#039;t think fraud was all that interesting and chose to look the other way versus voting with their feet. I feel for the honest ones that will need to continually explain their reasons for staying to future employers. 

As far as I can tell Microsoft wants to stall the inevitable of firing those involved so that they can use them to help with the integration. Microsoft is well aware of whether the execs conducted fraud. It is a sad statement about their ethics that the integration of FAST overrides doing the responsible thing. One can only hope that those looking the other way for their own selfish reasons end up being held accountable for their actions as well. It is the responsibility of this community to keep this issue visible versus letting it get buried like Microsoft and those that are guilty would like to see happen.

I do hope the honest former FAST employees find it within their conscience to contact the authorities and share what they know. In fact, it is more than about conscience, it is about being able to tell a future employer you did the right thing.</description>
		<content:encoded><![CDATA[<p>Sadly, the only truly AMAZING thing about FAST&#8217;s legacy is that nobody has been put in jail yet. As far as amazing product and customers &#8212; then why fraudulently book revenue? Why is FAST being silent on the issue versus defending themselves? Because they can&#8217;t say anything &#8211; it is indefensible.</p>
<p>Of course the financial issues are immaterial as it relates to Microsoft cleaning up&#8230;but the criminal liability for anyone involved in fraud won&#8217;t be cleaned up until those accountable have their due. And it does not surprise me that Former FAST employee II does not think this is interesting &#8211; clearly a large number of FAST employees didn&#8217;t think fraud was all that interesting and chose to look the other way versus voting with their feet. I feel for the honest ones that will need to continually explain their reasons for staying to future employers. </p>
<p>As far as I can tell Microsoft wants to stall the inevitable of firing those involved so that they can use them to help with the integration. Microsoft is well aware of whether the execs conducted fraud. It is a sad statement about their ethics that the integration of FAST overrides doing the responsible thing. One can only hope that those looking the other way for their own selfish reasons end up being held accountable for their actions as well. It is the responsibility of this community to keep this issue visible versus letting it get buried like Microsoft and those that are guilty would like to see happen.</p>
<p>I do hope the honest former FAST employees find it within their conscience to contact the authorities and share what they know. In fact, it is more than about conscience, it is about being able to tell a future employer you did the right thing.</p>
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		<title>By: Former FAST Employee II</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2411161</link>
		<dc:creator>Former FAST Employee II</dc:creator>
		<pubDate>Thu, 17 Jul 2008 13:45:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2411161</guid>
		<description>Trond - While I would love to talk, I try to avoid the paparazzi...jumping out of the bushes...ha.

I was with FAST from day one and know the characters, the product, and business operations inside and out.  The fact is, FAST is an amazing company, with an amazing platform (not product...if you want a search product, buy Google Appliance...you don&#039;t need a Ferrari), and, most importantly, AMAZING Customers.

All of this will blow-over as it is not really interesting or important.  Microsoft was clearly aware of the issues as it was public that FAST was being investigated.  Microsoft bought FAST for all of the reasons above - their financial control/business operations are tight enough that any/all issues will be cleaned up.

So, bottom line, there is no story here.  Trond - which former board member or employee is paying you to keep digging? It&#039;s odd, as everyone seems to have benefited in the end...

Oh - FormerFAST3 - clearly you have no knowledge of the Overture/Yahoo!/ATW deal or of the post Inktomi, AV, FAST, Y-Search integration.  Yahoo! has benefited greatly from the technology and team they acquired.  And, if you tell me you work with Yahoo!, then you are almost as clueless as Jerry Yang...</description>
		<content:encoded><![CDATA[<p>Trond &#8211; While I would love to talk, I try to avoid the paparazzi&#8230;jumping out of the bushes&#8230;ha.</p>
<p>I was with FAST from day one and know the characters, the product, and business operations inside and out.  The fact is, FAST is an amazing company, with an amazing platform (not product&#8230;if you want a search product, buy Google Appliance&#8230;you don&#8217;t need a Ferrari), and, most importantly, AMAZING Customers.</p>
<p>All of this will blow-over as it is not really interesting or important.  Microsoft was clearly aware of the issues as it was public that FAST was being investigated.  Microsoft bought FAST for all of the reasons above &#8211; their financial control/business operations are tight enough that any/all issues will be cleaned up.</p>
<p>So, bottom line, there is no story here.  Trond &#8211; which former board member or employee is paying you to keep digging? It&#8217;s odd, as everyone seems to have benefited in the end&#8230;</p>
<p>Oh &#8211; FormerFAST3 &#8211; clearly you have no knowledge of the Overture/Yahoo!/ATW deal or of the post Inktomi, AV, FAST, Y-Search integration.  Yahoo! has benefited greatly from the technology and team they acquired.  And, if you tell me you work with Yahoo!, then you are almost as clueless as Jerry Yang&#8230;</p>
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		<title>By: FormerFAST3</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2410396</link>
		<dc:creator>FormerFAST3</dc:creator>
		<pubDate>Wed, 16 Jul 2008 20:04:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2410396</guid>
		<description>Funny thing is that for $1.2 bil they got big fat nothing!!

Just like yahoo got nothing when they bought AllTheWeb...</description>
		<content:encoded><![CDATA[<p>Funny thing is that for $1.2 bil they got big fat nothing!!</p>
<p>Just like yahoo got nothing when they bought AllTheWeb&#8230;</p>
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		<title>By: Former employee of FAST</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2408359</link>
		<dc:creator>Former employee of FAST</dc:creator>
		<pubDate>Mon, 14 Jul 2008 19:31:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2408359</guid>
		<description>Former FAST Employee II - if you really worked there you would know what went on!  I&#039;m not bitter and was very glad to have left FAST.  You should be grateful that someone like Trond has the guts to find the answers!!

Why should someone like Ali Riaz get to continue swindling people out of money, continue to live in a million dollar home, and drive a car that is geared toward a bachelor type, he&#039;s married and has two kids!!! He is bi-polar, and his head will blow up one day!!</description>
		<content:encoded><![CDATA[<p>Former FAST Employee II &#8211; if you really worked there you would know what went on!  I&#8217;m not bitter and was very glad to have left FAST.  You should be grateful that someone like Trond has the guts to find the answers!!</p>
<p>Why should someone like Ali Riaz get to continue swindling people out of money, continue to live in a million dollar home, and drive a car that is geared toward a bachelor type, he&#8217;s married and has two kids!!! He is bi-polar, and his head will blow up one day!!</p>
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		<title>By: Enterprise Search Guy</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2406796</link>
		<dc:creator>Enterprise Search Guy</dc:creator>
		<pubDate>Sat, 12 Jul 2008 15:58:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2406796</guid>
		<description>Let&#039;s keep it real here. Not surprising that current FAST employees will be defensive and try to dig up or manufacture dirt on Trond. Also not surprising that competitors or bitter former employees would fan the flames. And of course no one, myself included, is going to use real names.

#31: facts would be a more powerful argument than unsubstantiated ad hominem attacks. As it is, you&#039;re actually strengthening Trond&#039;s case.

In Trond&#039;s favor, his case is supported by facts FAST publishes on their own web site: http://www.fastsearch.com/search.aspx?q=restated</description>
		<content:encoded><![CDATA[<p>Let&#8217;s keep it real here. Not surprising that current FAST employees will be defensive and try to dig up or manufacture dirt on Trond. Also not surprising that competitors or bitter former employees would fan the flames. And of course no one, myself included, is going to use real names.</p>
<p>#31: facts would be a more powerful argument than unsubstantiated ad hominem attacks. As it is, you&#8217;re actually strengthening Trond&#8217;s case.</p>
<p>In Trond&#8217;s favor, his case is supported by facts FAST publishes on their own web site: <a href="http://www.fastsearch.com/search.aspx?q=restated" rel="nofollow"></a><a href='http://www.fastsearch.com/search.aspx?q=restated'>http://www.fast...aspx?q=restated</a></p>
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		<title>By: Trond Sundnes</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2406767</link>
		<dc:creator>Trond Sundnes</dc:creator>
		<pubDate>Sat, 12 Jul 2008 13:51:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2406767</guid>
		<description>Former FAST Employee II : Nice try. I wonder why you don’t write the post under your full name.

As far as I know I have never been investigated. I know I have never been arrested or convicted. And in my 14 years as a journalist I have never had any of my stories tried for the Norwegian press ethics committee.

I have though once been interrogated by the Oslo Police. 
http://www.journalisten.no/story/30748
Not because of my “inability to report the facts”, but because I had too many correct ones. The police wanted to find my alleged sources within the Norwegian directorate of immigration. They found none.</description>
		<content:encoded><![CDATA[<p>Former FAST Employee II : Nice try. I wonder why you don’t write the post under your full name.</p>
<p>As far as I know I have never been investigated. I know I have never been arrested or convicted. And in my 14 years as a journalist I have never had any of my stories tried for the Norwegian press ethics committee.</p>
<p>I have though once been interrogated by the Oslo Police.<br />
<a href="http://www.journalisten.no/story/30748" rel="nofollow"></a><a href='http://www.journalisten.no/story/30748'>http://www.jour....no/story/30748</a><br />
Not because of my “inability to report the facts”, but because I had too many correct ones. The police wanted to find my alleged sources within the Norwegian directorate of immigration. They found none.</p>
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		<title>By: Former FAST Employee II</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2406076</link>
		<dc:creator>Former FAST Employee II</dc:creator>
		<pubDate>Fri, 11 Jul 2008 18:23:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2406076</guid>
		<description>Has anyone done any research on the journalist - Trond Sundnes?

I believe he has also been investigated (or was it arrested?) in the past for his inability to report the &quot;facts...&quot;

As always, take everything in the above with a very, very large grain of salt...</description>
		<content:encoded><![CDATA[<p>Has anyone done any research on the journalist &#8211; Trond Sundnes?</p>
<p>I believe he has also been investigated (or was it arrested?) in the past for his inability to report the &#8220;facts&#8230;&#8221;</p>
<p>As always, take everything in the above with a very, very large grain of salt&#8230;</p>
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		<title>By: Former employee of FAST</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2403166</link>
		<dc:creator>Former employee of FAST</dc:creator>
		<pubDate>Wed, 09 Jul 2008 18:48:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2403166</guid>
		<description>As a former FAST employee working for Ali Riaz was a trip! He had a very hectic and complicated work schedule/style and he really had a way of twisting things to make himself look innocent and liked to keep you in the dark about a lot of things. Considering we were only doing our jobs, never ever would you question him about anything pertaining to invoices, expenses you would be scolded or ignored.  There was always this unlying threat that you could be fired at any moment, depending on his mood. 

Trond - I&#039;m sure a few people from FAST would like to speak with you, but it&#039;s best that we mind our p&#039;s and q&#039;s.  Keep at it though, it makes for great reading!!</description>
		<content:encoded><![CDATA[<p>As a former FAST employee working for Ali Riaz was a trip! He had a very hectic and complicated work schedule/style and he really had a way of twisting things to make himself look innocent and liked to keep you in the dark about a lot of things. Considering we were only doing our jobs, never ever would you question him about anything pertaining to invoices, expenses you would be scolded or ignored.  There was always this unlying threat that you could be fired at any moment, depending on his mood. </p>
<p>Trond &#8211; I&#8217;m sure a few people from FAST would like to speak with you, but it&#8217;s best that we mind our p&#8217;s and q&#8217;s.  Keep at it though, it makes for great reading!!</p>
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		<title>By: Recent reporting on the shenanigans at FAST &#124; Text Technologies</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2401651</link>
		<dc:creator>Recent reporting on the shenanigans at FAST &#124; Text Technologies</dc:creator>
		<pubDate>Tue, 08 Jul 2008 19:16:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2401651</guid>
		<description>[...] participants quickly distributed English translations to a variety of commentators, including me. TechCrunch posted a scan of part of the [...]</description>
		<content:encoded><![CDATA[<p>[...] participants quickly distributed English translations to a variety of commentators, including me. TechCrunch posted a scan of part of the [...]</p>
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		<title>By: KirkToEnterprise</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2400165</link>
		<dc:creator>KirkToEnterprise</dc:creator>
		<pubDate>Mon, 07 Jul 2008 19:31:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2400165</guid>
		<description>These traits seem to be point-for-point the same for FAST&#039;s competitor(s), except for the dedicated engineers (they all left). 

Something about Enterprise Search as an industry is just wrong.  It could be pressure from the low end, but that&#039;s part of any long-term software market.  It&#039;s also the squishy nature of the product features -- the fact that no solution is all that great, and customers are bombarded with dubious promises.  Customers seem to want to be overpromised and underdelivered -- they&#039;re convinced that this is necessary to be cutting edge.</description>
		<content:encoded><![CDATA[<p>These traits seem to be point-for-point the same for FAST&#8217;s competitor(s), except for the dedicated engineers (they all left). </p>
<p>Something about Enterprise Search as an industry is just wrong.  It could be pressure from the low end, but that&#8217;s part of any long-term software market.  It&#8217;s also the squishy nature of the product features &#8212; the fact that no solution is all that great, and customers are bombarded with dubious promises.  Customers seem to want to be overpromised and underdelivered &#8212; they&#8217;re convinced that this is necessary to be cutting edge.</p>
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		<title>By: Old Goat</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2400131</link>
		<dc:creator>Old Goat</dc:creator>
		<pubDate>Mon, 07 Jul 2008 19:11:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2400131</guid>
		<description>Fascinating story

I interviewed several times w FAST in Boston, and was never offered a (sales) position.  I always left the interviews with an uneasy feeling that something just wasn&#039;t quite right.</description>
		<content:encoded><![CDATA[<p>Fascinating story</p>
<p>I interviewed several times w FAST in Boston, and was never offered a (sales) position.  I always left the interviews with an uneasy feeling that something just wasn&#8217;t quite right.</p>
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		<title>By: Enterprise Search Guy</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2400054</link>
		<dc:creator>Enterprise Search Guy</dc:creator>
		<pubDate>Mon, 07 Jul 2008 18:10:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2400054</guid>
		<description>The saga continues:

http://www.cmswatch.com/Trends/1294-How-Fast-is-Attivio

Though blogger Stephen Arnold does defend Attivio:

http://arnoldit.com/wordpress/2008/07/06/not-so-fast-folks/</description>
		<content:encoded><![CDATA[<p>The saga continues:</p>
<p><a href="http://www.cmswatch.com/Trends/1294-How-Fast-is-Attivio" rel="nofollow"></a><a href='http://www.cmswatch.com/Trends/1294-How-Fast-is-Attivio'>http://www.cmsw...Fast-is-Attivio</a></p>
<p>Though blogger Stephen Arnold does defend Attivio:</p>
<p><a href="http://arnoldit.com/wordpress/2008/07/06/not-so-fast-folks/" rel="nofollow"></a><a href='http://arnoldit.com/wordpress/2008/07/06/not-so-fast-folks/'>http://arnoldit...-so-fast-folks/</a></p>
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		<title>By: Where there is Smoke Fire is FAST to Follow &#171; A Fuller View</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2399904</link>
		<dc:creator>Where there is Smoke Fire is FAST to Follow &#171; A Fuller View</dc:creator>
		<pubDate>Mon, 07 Jul 2008 15:05:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2399904</guid>
		<description>[...] not the best of summers so for Fast Search &amp; Transfer (FAST) as additional squalid (lots of details and translated text of a Norwegaan article) and one might say &#8216;dirty&#8217; details from FAST&#8217;s accounting issues continue to be [...]</description>
		<content:encoded><![CDATA[<p>[...] not the best of summers so for Fast Search &amp; Transfer (FAST) as additional squalid (lots of details and translated text of a Norwegaan article) and one might say &#8216;dirty&#8217; details from FAST&#8217;s accounting issues continue to be [...]</p>
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		<title>By: another_australian</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2399774</link>
		<dc:creator>another_australian</dc:creator>
		<pubDate>Mon, 07 Jul 2008 12:22:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2399774</guid>
		<description>As another fast customer:
0. Dedicated engineers: check, but: 

1. Aggressive sales: check
2. under delivery on features: check
3. intensive support requirements: check</description>
		<content:encoded><![CDATA[<p>As another fast customer:<br />
0. Dedicated engineers: check, but: </p>
<p>1. Aggressive sales: check<br />
2. under delivery on features: check<br />
3. intensive support requirements: check</p>
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		<title>By: Froosh</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2399151</link>
		<dc:creator>Froosh</dc:creator>
		<pubDate>Sun, 06 Jul 2008 15:17:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2399151</guid>
		<description>A friend of mine was one of the first FAST employees.  He&#039;s written three blog postings about the early years: http://blog.borud.no/2008/01/ancient-history-early-years.html .</description>
		<content:encoded><![CDATA[<p>A friend of mine was one of the first FAST employees.  He&#8217;s written three blog postings about the early years: <a href="http://blog.borud.no/2008/01/ancient-history-early-years.html" rel="nofollow"></a><a href='http://blog.borud.no/2008/01/ancient-history-early-years.html'>http://blog.bor...arly-years.html</a> .</p>
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		<title>By: Fast och fifflet - Frisim utvecklingsblogg</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2399027</link>
		<dc:creator>Fast och fifflet - Frisim utvecklingsblogg</dc:creator>
		<pubDate>Sun, 06 Jul 2008 12:08:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2399027</guid>
		<description>[...] denna Del.icio.us-länksamling hittar jag en TechCrunch-artikel om norska sökfortaget Fast Search &amp; Transfer. Fast S&amp;T står för delar av tekniken [...]</description>
		<content:encoded><![CDATA[<p>[...] denna Del.icio.us-länksamling hittar jag en TechCrunch-artikel om norska sökfortaget Fast Search &#38; Transfer. Fast S&#38;T står för delar av tekniken [...]</p>
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		<title>By: Trond Sundnes</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2399007</link>
		<dc:creator>Trond Sundnes</dc:creator>
		<pubDate>Sun, 06 Jul 2008 10:19:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2399007</guid>
		<description>Shawn, AFormerFASTEmployee , val, and anyone else sharing information on this blog:

I am one of the journalists behind the original story in Dagens Naeringsliv. I would be happy to speak with people who have information about subjects in our story.  Please contact me on: trond.sundnes ((a)) dn.no</description>
		<content:encoded><![CDATA[<p>Shawn, AFormerFASTEmployee , val, and anyone else sharing information on this blog:</p>
<p>I am one of the journalists behind the original story in Dagens Naeringsliv. I would be happy to speak with people who have information about subjects in our story.  Please contact me on: trond.sundnes ((a)) dn.no</p>
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		<title>By: shawn</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2398817</link>
		<dc:creator>shawn</dc:creator>
		<pubDate>Sat, 05 Jul 2008 23:55:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2398817</guid>
		<description>it&#039;s interesting that one of the shell companies is located in the same city (a pretty weird one for high tech to begin with) as a a big customer of FAST. when i worked for them, we had used their technology to build a contextual advertising server, along with a massive web crawler setup that never got off the ground. we had a couple of their consultants (they actually outsourced most of their consultants, which meant most of them knew less than we did. awesome practice!)  hanging around, and about 6 months later, we heard that they were releasing their own contextual ad platform. i can&#039;t say that they stole it or anything like that, but it&#039;s certainly a fishy situation, particularly in light of the shell company.

all that being said, i agree with the people saying that MS can clean this up. their technology, even when it is over-sold, is fundamentally sound.</description>
		<content:encoded><![CDATA[<p>it&#8217;s interesting that one of the shell companies is located in the same city (a pretty weird one for high tech to begin with) as a a big customer of FAST. when i worked for them, we had used their technology to build a contextual advertising server, along with a massive web crawler setup that never got off the ground. we had a couple of their consultants (they actually outsourced most of their consultants, which meant most of them knew less than we did. awesome practice!)  hanging around, and about 6 months later, we heard that they were releasing their own contextual ad platform. i can&#8217;t say that they stole it or anything like that, but it&#8217;s certainly a fishy situation, particularly in light of the shell company.</p>
<p>all that being said, i agree with the people saying that MS can clean this up. their technology, even when it is over-sold, is fundamentally sound.</p>
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		<title>By: Jumptotheconclustions</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2398744</link>
		<dc:creator>Jumptotheconclustions</dc:creator>
		<pubDate>Sat, 05 Jul 2008 21:12:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2398744</guid>
		<description>This kind of mess happens all the time. Check out the mess with Broadcoms CEO. Their communication chips still dominate. Microsoft did not have to do due diligence, FAST customers (bestbuy, careerbuilder, rakuten, ibm.com, dell.com, autotrader ...) already did that for them. These are some of the highest trafficked websites with complex rules that are clearly not running on a power point. More likely than not MS will clean up the mess and restore the natural order.  It would’ve been a shame if the MS did not buy them, company went under and their technology did disappear.</description>
		<content:encoded><![CDATA[<p>This kind of mess happens all the time. Check out the mess with Broadcoms CEO. Their communication chips still dominate. Microsoft did not have to do due diligence, FAST customers (bestbuy, careerbuilder, rakuten, ibm.com, dell.com, autotrader &#8230;) already did that for them. These are some of the highest trafficked websites with complex rules that are clearly not running on a power point. More likely than not MS will clean up the mess and restore the natural order.  It would’ve been a shame if the MS did not buy them, company went under and their technology did disappear.</p>
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		<title>By: MacBeth</title>
		<link>http://www.techcrunch.com/2008/07/03/did-the-enron-of-norway-pull-a-fast-one-on-microsoft-more-details-about-the-mess-at-fast-search-transfer/comment-page-1/#comment-2398722</link>
		<dc:creator>MacBeth</dc:creator>
		<pubDate>Sat, 05 Jul 2008 20:15:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.techcrunch.com/?p=19603#comment-2398722</guid>
		<description>Good journalistic work - there is substance in these allegations.
However, there is more: The two British co-owners and board members Robert Keith and Thomas Fussell came under increasing pressure from the remainder of the Board and the shareholders. This came to a head at the end of 2007, when major shareholders led by Norwegian conglomerate Orkla decided they had had enough and mounted a run on the board. An extraordinary Shareholder&#039;s meeting was scheduled for early 2008. The stock tanked, this looked as it would be an ugly fight to the bitter end. Some investors sold and lost millions.  However, only a couple of weeks later, the acquisition was announced.
Fast management maintains that the timing of these events was entirely coincidental. Far more likely, however, is that all the parties involved (Keith, Fussel, Orkla and the other big sharehoders) realized that selling the company was a way for everyone to get out with a very nice profit. The CEO (Lervik) has since publicly stated that negotiations with Microsoft had been going on for months. So why is this a problem? The answer can be found by looking at the trades made in the stock in the weeks and days before Microsoft&#039;s offer was announced. That work has barely started.</description>
		<content:encoded><![CDATA[<p>Good journalistic work &#8211; there is substance in these allegations.<br />
However, there is more: The two British co-owners and board members Robert Keith and Thomas Fussell came under increasing pressure from the remainder of the Board and the shareholders. This came to a head at the end of 2007, when major shareholders led by Norwegian conglomerate Orkla decided they had had enough and mounted a run on the board. An extraordinary Shareholder&#8217;s meeting was scheduled for early 2008. The stock tanked, this looked as it would be an ugly fight to the bitter end. Some investors sold and lost millions.  However, only a couple of weeks later, the acquisition was announced.<br />
Fast management maintains that the timing of these events was entirely coincidental. Far more likely, however, is that all the parties involved (Keith, Fussel, Orkla and the other big sharehoders) realized that selling the company was a way for everyone to get out with a very nice profit. The CEO (Lervik) has since publicly stated that negotiations with Microsoft had been going on for months. So why is this a problem? The answer can be found by looking at the trades made in the stock in the weeks and days before Microsoft&#8217;s offer was announced. That work has barely started.</p>
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